Tin, Indium, Tungsten, Cobalt
Location, History and Future Plans
Avalon’s Miramichi Project covers two early stage exploration properties located in central and southern New Brunswick, Canada. The Mount Douglas property consists of 32 mineral claims covering 800 ha. Both properties are in areas considered prospective for tin-indium deposits similar to Avalon’s East Kemptville Project. The second, the Mascarene Property in southern New Brunswick, consists of 47 mineral claims covering 1,175 ha and is prospective for cobalt and related base metals.
In late 2015, Avalon acquired an option to earn a 100% interest in certain claims in the Mount Douglas area of New Brunswick. Avalon then completed a small field program, which included geochemical sampling along with ground magnetics and VLF-EM surveys. The Mount Douglas project area is situated near the south margin of the Saint George Plutonic Suite, and the mineralization is hosted in the Devonian Mount Douglas granite, similar in geological age to the host intrusives of the Mount Pleasant deposit in New Brunswick and the East Kemptville deposit in Nova Scotia. . The results of reconnaissance grab samples collected during the 2015 fall field program were encouraging and confirmed values obtained previously by the prospector, showing an average of 0.25% tin in the Pocologan Zone (22 samples) and 0.18% tin (8 samples) and 0.24% tungsten (10 samples) in the Lake Anthony Brook Zone. These occurrences have never been previously drilled. In late fall 2016, Avalon completed a modest drill program to test these occurrences and the assays of that program are pending as of January 10, 2017.
The second property, Mascarene, was recently optioned from local prospectors, and a modest preliminary field program was completed in 2016. Recent sampling has confirmed the presence of interesting values in cobalt, as well as copper and nickel in old mine dumps dating from the late 1800’s. Avalon is primarily interested in the property's cobalt potential, due to cobalt’s importance in lithium ion battery technology. Follow-up exploration work is planned for 2017.
The property was host to mining operations in the 1860's, when copper was produced and shipped to the United States from the Oliver Cameron and Wheal Louisiana mines. Showings and workings are present in three mineral occurrences. Sulphide mineralization appears to be restricted to narrow, discontinuous quartz and quartz-carbonate veins adjacent to intrusive gabbro, possibly in fault contact. Assays on grab samples from the property collected by the prospector and Avalon have presented interesting copper, cobalt and nickel values. Avalon has completed little field work to date and plans to conduct geological, geochemical and geophysical studies over the next year.
Unless otherwise noted, the technical information on the New Brunswick properties has been reviewed and approved by Dr. William Mercer, PhD, P.Geo. (Ontario), P. Geo. (NS), Vice President, Exploration, who is a Qualified Person under NI 43-101.